Notice 2009-26, Build America Bonds and Direct Payment Subsidy Implementation

ICR 201211-1545-006

OMB: 1545-2143

Federal Form Document

Forms and Documents
Document
Name
Status
Supplementary Document
2009-09-08
Supporting Statement A
2012-11-07
IC Document Collections
ICR Details
1545-2143 201211-1545-006
Historical Active 200909-1545-013
TREAS/IRS ah-2143-006
Notice 2009-26, Build America Bonds and Direct Payment Subsidy Implementation
Extension without change of a currently approved collection   No
Regular
Approved without change 12/30/2012
Retrieve Notice of Action (NOA) 11/30/2012
  Inventory as of this Action Requested Previously Approved
12/31/2015 36 Months From Approved 12/31/2012
5,000 0 5,000
15,000 0 15,000
0 0 0

This Notice provides guidance on the new tax incentives for Build America Bonds under § 54AA of the Internal Revenue Code ("Code") and the implementation plans for the refundable credit payment procedures for these bonds. This Notice includes guidance on the modified Build America Bond program for Recovery Zone Economic Development Bonds under § 1400U-2 of the Code. This Notice provides guidance on the initial refundable credit payment procedures, required elections, and information reporting. This Notice solicits public comments on the refundable credit payment procedures for these bonds. This Notice is intended to facilitate prompt implementation of the Build America Bond program and to enable state and local governments to begin issuing these bonds for authorized purposes to promote economic recovery and job creation.

US Code: 26 USC 54A Name of Law: Credit to holders of qualified tax credit bonds.
  
None

Not associated with rulemaking

  77 FR 59454 09/27/2012
77 FR 69544 11/19/2012
No

1
IC Title Form No. Form Name
Notice 2009-26, Build America Bonds and Direct Payment Subsidy Implementation

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 5,000 5,000 0 0 0 0
Annual Time Burden (Hours) 15,000 15,000 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
No
No
No
Yes
Uncollected
Carla Young 202 622-3980 carla.a.young@irscounsel.treas.gov

  No

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
11/30/2012


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